LAHORE: The Board of Technical Education & Vocational Training Authority (Tevta) decided to disburse Rs500 million to 8,000 Tevta pass-outs through Akhuwat foundation’s self-employment scheme.
According to the scheme, the Tevta pass outs will be able to get interest-free loan from 50 thousands to Rs0.1 million in selected districts during the current financial year and after successful launching of this scheme.
The decision was taken in Tevta Board meeting chaired by its Chairman Irfan Qaiser Shaikh and attended by Board Members Syed Yawar Ali, Ch. Hamid Malhi, Rehmat Ullah Javed, Muhammad Ismail Khurram, Ayub Sabir Izhar, Nilopher Sikandar, Executive Director Akhuwat Dr Amjad Saqib, Chief Credit Officer Akhuwat Shahzad Akram, Tevta Chief Operating Officer Jawad Ahmed Qureshi and other officials.
Irfan, in his address, said that the main focus of the Tevta is to provide financial help to those students who intend to start their own business. He further said that the provision of interest-free loan to Tevta graduates will not only facilitate them to start their own business but eradicate poverty and bring prosperity in the society.
